Hauge Family Foundation
EIN: 815358920 · Leith, ND · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $893K |
| Total Expenses | $182K |
| Net Assets | $39K |
Is Hauge Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hauge Family Foundation
Hauge Family Foundation (EIN: 815358920) is a nonprofit organization based in Leith, ND, classified under NTEE code T12. The organization reported total revenue of $893K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hauge Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hauge Family Foundation is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $182K |
| Surplus / Deficit | +$32K |
| Total Assets | $39K |
| Total Liabilities | $1 |
| Net Assets | $39K |
| Operating Margin | 14.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Hauge Family Foundation reported a surplus of $32K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Hauge Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +156.0% | +5.2% | +409.7% |
| 2022 | -67.3% | -4.9% | -92.1% |
| 2021 | +254.7% | +160.9% | +305.7% |
| 2020 | -25.2% | -56.4% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hauge Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hauge Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Hauge Family Foundation
Is Hauge Family Foundation a legitimate charity?
Hauge Family Foundation (EIN: 815358920) is a registered tax-exempt nonprofit based in North Dakota. It has 5 years of IRS 990 filings on record. Total revenue: $893K. No red flags identified. Financial health grade: A.
How does Hauge Family Foundation spend its money?
Hauge Family Foundation reported $893K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hauge Family Foundation tax-deductible?
Hauge Family Foundation is registered as a tax-exempt nonprofit (EIN: 815358920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hauge Family Foundation located?
Hauge Family Foundation is headquartered in Leith, North Dakota and files with the IRS under EIN 815358920. It is classified under NTEE code T12.
How many years of IRS 990 filings does Hauge Family Foundation have?
Hauge Family Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $893K in total revenue.
Filing History
IRS 990 filing history for Hauge Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Hauge Family Foundation's revenue has grown by 122%, moving from $96K to $213K. Total assets increased by 80.4% over the same period, from $22K to $39K. Total functional expenses rose by 13.8%, from $160K to $182K. In its most recent filing year (2023), Hauge Family Foundation reported a surplus of $32K, with revenue exceeding expenses. The organization holds $1 in liabilities against $39K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $182K | $39K | $1 | — | View 990 |
| 2022 | $83K | $173K | $8K | $1 | — | View 990 |
| 2021 | $255K | $182K | $97K | $1 | — | — |
| 2020 | $72K | $70K | $24K | $1 | — | — |
| 2019 | $96K | $160K | $22K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $182K, and assets of $39K (revenue +156.0% year-over-year).
- 2022: Revenue of $83K, expenses of $173K, and assets of $8K (revenue -67.3% year-over-year).
- 2021: Revenue of $255K, expenses of $182K, and assets of $97K (revenue +254.7% year-over-year).
- 2020: Revenue of $72K, expenses of $70K, and assets of $24K (revenue -25.2% year-over-year).
- 2019: Revenue of $96K, expenses of $160K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hauge Family Foundation:
Data Sources and Methodology
This transparency report for Hauge Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.